Southern Hills Economic Development
- Assets
- $27.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hot Springs, SD
- Founding
- Data as of
- 12/2021
- EIN
- 45-4618382
Organization Overview
Southern Hills Economic Development is located in Hot Springs, SD.
For the year ending 12/2021, Southern Hills Economic Development generated $52.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $41.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE CORPORATION'S PURPOSE IS TO PROMOTE ECONOMIC INTEREST, DEVELOPMENT AND IMPROVEMENT TO THE QUALITY OF LIFE IN THE SOUTHERN HILLS OF SOUTH DAKOTA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Powers Exec Office Secretar | 20 | $27,525 | |
Martin Meyer Vice President | 1 | $0 | |
Barb Miller Treasurer | 1 | $0 | |
Kelly Cape President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,397 |
| Total Program Service Revenue | $2,117 |
| Membership dues | $48,450 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,964 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,410 |
| Professional fees and other payments to independent contractors | $160 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,448 |
| Total expenses | $41,493 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,714 |
| Other assets | $0 |
| Total assets | $27,210 |
| Total liabilities | $802 |
| Net assets or fund balances | $26,408 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Hills Economic Development has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
West River Foundation Sturgis, SD PURPOSE: COMMUNITY SUPPORT | $10,000 |
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Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
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